K Testa Real Estate, Inc.

09/18/2025

The Federal Reserve lowered its benchmark interest rate by a quarter percentage point down to a range of 4.0% to 4.25%, its first rate change in nine months, and expects two more cuts this year.

A quarter-point cut was widely anticipated, and already largely priced into mortgage rates, which have fallen in recent weeks and reached an 11-month low of 6.35% last week, according to Freddie Mac.

Mortgage rates usually follow long-term bond yields, which rose Wednesday after the FOMC released its economic projections. The Fed now expects two more rate cuts this year and one in 2026—fewer than the three cuts next year that markets had anticipated. While the path for mortgage rates beyond that remains unclear, most economists expect them to remain above 6% through the end of the year.

Full report: https://rltor.cm/36qfpf

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03/07/2025

12/08/2024

Thousands of turtles on Long Island are making their trek to hibernation. Fewer Long Islanders are struggling with food insecurity, efforts towards…

10/09/2022

Listing Provided Courtesy of K Testa Real Estate Inc: Private, desirable, coveted bay beach community living with the best of both worlds, miles of crystal sand, peconic bay private beach and your own boat dock at your back door, on one of the most picturesque canals bordering simmons point.(prime l...

09/08/2022

05/15/2022

New Waterfront listing.

05/15/2022

The Wonder from the Garden

05/03/2022

Moorcroft Conservation Foundation is proud to support Turtle Rescue of the Hamptons! This non-profit organization exists to provide rescue and rehabilitation efforts for sick and injured turtles that are native to New York. 🐢

For more information on the organizations that MCF has supported, or to find out how you can continue to help MCF make a difference, click here ➡️ https://moorcroftconservationfoundation.org/about.

03/20/2022

The Federal Reserve is set to raise interest rates this week. What does that all mean for people who want to buy a home in 2022?